Credit Risk in Asset Based Sukuk

Areeba Khan, Sohail Saeed, Zulaiha A. Zubair and Iffat Hussain

Journal of Business and Social Review in Emerging Economies, 2020, vol. 6, issue 1, 239-260

Abstract: Purpose: This study is intended to find the credit risks in Asset based Sukuk. The risk of default of Sukuk is called a credit risk. Various risks regarding the Sukuk have been identified.Limitations/Implications: The study focuses on the Sukuk issuances of Pakistan. In the current scenario of Pakistan and the need to finance the Diameer Bahasha Dam and Naya Pakistan Housing Program Sukuk is an attractive option. Pakistan has yet not overcome the energy shortfall, and the environment of Pakistan has been effected by the global changes so for the adoption of cleantech green Sukuk is a most appropriate option.Originality/ Value: There has been a significant contribution of Pakistan in the issuance of Sukuk activity and there are Sukuk defaults too. Yet, in Pakistan the research on Sukuk has not been done. So this study shall add to the literature in Pakistan.

Keywords: Musharaka; Government Of Pakistan (GOP); Asset Backed; Issuance; Asset Based; Ijara; Credit Risk; Special Purpose Vehicle (SPV); Sukuk (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:src:jbsree:v:6:y:2020:i:1:p:239-260

DOI: 10.26710/jbsee.v6i1.1043

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